Off Topic EU deabte. Which way are you voting ?

[BobbyD]

Soften the blow? Explain that one please Bobby. I think people can accept jobs are about to go, but they would like someone to tell them, THEY are the priority right now.

What a ****ing hypiocrisy that half the argument by the Brexit lot was that they wanted to protect British people's jobs, and now they shrug their shoulders and say that those who were reliant on the EU for their jobs are now acceptable collateral damage.

I meant that if the eu implodes (which i think will) job losses of brexit + eu implosion will be less than job losses of remain + eu implosion

 

[DMD]

I've just had a brief look at the Bildeberg meetings, but because of its secretive nature it's hard to know what influence they have (except for the fact certain leaders at some point in their career have attended).

Aye. They've cropped up in a few things over the years. Part of the problem is that they don't go for publicity, so most of the stuff is on sites that soon descend to outlandish conspiracy theories.

 

[Treble]

I watched the video posted earlier and have to say, i had to go and google the Bilderberg meetings. Still not sure I am any the wiser!

I'm going to have to go look for it ffs If the likes of Clinton and Blair have attended, if it's more a brainstorming session rather than some agenda based meeting then I think it might be interesting and worthwhile.

 

[NSIS]

I used to be a trader. A bond trader. As a trader you cannot be anything but dispassionate. It's black & white, you're making money or you're losing it. Lose too much for too long and you're out of a job!

These markets would be very difficult for someone in my position to trade. Your overall view would be negative, spreads will widen as greater risk is perceived. You tend to pull your horns in and only trade when you have to, or a no brainer comes along.

FX markets are different. Their view is very much more short term. Their view towards Sterling will be pretty negative. It will be choppy, very choppy. I anticipate some pretty wild swings in the coming days and weeks. Every bit of news will have an effect.

That's just from a market traders point of view. From an investors point of view, those that haven't already dumped Sterling based assets will certainly do so very soon if the uncertainty continues.

As for new investment into the UK, pretty much forget it. Only the very brave or very foolhardy would even consider it until the direction of all this all becomes much clearer.

 

[DMD]

I meant that if the eu implodes (which i think will) job losses of brexit + eu implosion will be less than job losses of remain + eu implosion

I agree. There are a few people predicting big changes in teh market would have occurred anyway, and the vote was a trigger rather than the cause. The EU was certainly rocking anyway before this, hence my questions about the markets protecting themselves from other countries that may be thinking of following suit.

 

[Tobes]

Are you really just going to keep trying to disrupt?

In the hope of moving things on, I'll say people like those involved in Bildeberg. I was trying to avoid doing that as I expected someone like you would just call it a cranky conspiracy, and I was more interested in the concept than naming names.

That just conveniently ignores the basic economics of what the uncertainty will bring to the UK economy.

You've swerved discussing that all together and now you're pointing to something that has no relevance to the debate whatsoever.

 

[DMD]

That just conveniently ignores the basic economics of what the uncertainty will bring to the UK economy.

You've swerved discussing that all together and now you're pointing to something that has no relevance to the debate whatsoever.

If you spent less time trying (and failing) to be a smart arse, you could have got round to reading the other posts then.

 

[Tobes]

I'm not tense, he's too dull to provoke much more than a slight sigh. It's a shame, but he spends his life ****ing up threads across the various boards in a similar style, and generally getting his arse handed back to him.

Disruption you? Surely not.....I've handed you your arse here on a silver platter love, as I've done on a number of occasions before.

 

[NSIS]

Update:

Early Asian trading sees the pound nosedive again.

Currently 1.218 vs the euro. 1.344 vs the dollar

 

[DMD]

I used to be a trader. A bond trader. As a trader you cannot be anything but dispassionate. It's black & white, you're making money or you're losing it. Lose too much for too long and you're out of a job!

These markets would be very difficult for someone in my position to trade. Your overall view would be negative, spreads will widen as greater risk is perceived. You tend to pull your horns in and only trade when you have to, or a no brainer comes along.

FX markets are different. Their view is very much more short term. Their view towards Sterling will be pretty negative. It will be choppy, very choppy. I anticipate some pretty wild swings in the coming days and weeks. Every bit of news will have an effect.

That's just from a market traders point of view. From an investors point of view, those that haven't already dumped Sterling based assets will certainly do so very soon if the uncertainty continues.

As for new investment into the UK, pretty much forget it. Only the very brave or very foolhardy would even consider it until the direction of all this all becomes much clearer.

Given the Bank of England is liable to prop the banks up in some way, would you say shares in the likes of Barclays are reasonable for longer term investment at the reduced price?

 

[Tobes]

If you spent less time trying (and failing) to be a smart arse, you could have got round to reading the other posts then.

I've read all of them and you've not challenged one. You've just disrupted the thread as your precious ego can't handle not being able to put together a coherent argument that counters them, so you've resort to Dutch 101, you're a prize prick lad

 

[pieguts]

I agree. There are a few people predicting big changes in teh market would have occurred anyway, and the vote was a trigger rather than the cause. The EU was certainly rocking anyway before this, hence my questions about the markets protecting themselves from other countries that may be thinking of following suit.

This is the point I have been trying to get across (and generally making a pigs ear of it). I am convinced, that the whole EU house will come tumbling down sooner rather than later. In fact I would say that the UK may have given it a short stay of execution, with the referendum and subsequent Brexit. However, 5-10 years max.

 

[Treble]

I meant that if the eu implodes (which i think will) job losses of brexit + eu implosion will be less than job losses of remain + eu implosion

The trouble with this approach is that it's a supposition. What I find frustrating with these sorts of answers is rather than address the worst case scenario (which is a realistical possibility) we're being given an alternative prediction. My question remains. What are we going to do to address the needs of the people who are about to lose their jobs? I'd like our government to be giving them priority in all this. Now.

 

[DMD]

Disruption you? Surely not.....I've handed you your arse here on a silver platter love, as I've done on a number of occasions before.

You posted that I hadn't expanded on the point, just a few posts away from several posts where I'm expanding on the point.

I think you've over polished your platter and can see the reflection of your own arse, mine's here, getting thinner due to you boring the **** out of it.

 

[NSIS]

Given the Bank of England is liable to prop the banks up in some way, would you say shares in the likes of Barclays are reasonable for longer term investment at the reduced price?

Difficult to say. At some point, yes. When that point may be its too early to tell.

What we are more than likely going to see is volatility, lots of it. If you want to take a long term view, buy at what looks to be a low and hold on. But, be prepared that you may see it move a long way against you before it recovers.

It depends on how long a term view you wan to take. But in volatile markets, picking a low point is like pin the tail on the donkey...

 

[DMD]

I've read all of them and you've not challenged one. You've just disrupted the thread as your precious ego can't handle not being able to put together a coherent argument that counters them, so you've resort to Dutch 101, you're a prize prick lad

I wasn't trying to challenge anything, and I said quite a bit back that nobody, including me is disputing your basic argument. Most seem to have moved on. Why not put your wee winky away and join them?

 

[Treble]

Aye. They've cropped up in a few things over the years. Part of the problem is that they don't go for publicity, so most of the stuff is on sites that soon descend to outlandish conspiracy theories.

Page number please, I can't use the search for some reason on here. I can't go through 187 pages lol

 

[DMD]

The trouble with this approach is that it's a supposition. What I find frustrating with these sorts of answers is rather than address the worst case scenario (which is a realistical possibility) we're being given an alternative prediction. My question remains. What are we going to do to address the needs of the people who are about to lose their jobs? I'd like our government to be giving them priority in all this. Now.

I think at the moment, the Government and Bank of England is limited to trying to present a calm face to reassure the markets, which should go some way towards some protection.

 

[Tobes]

This is the point I have been trying to get across (and generally making a pigs ear of it). I am convinced, that the whole EU house will come tumbling down sooner rather than later. In fact I would say that the UK may have given it a short stay of execution, with the referendum and subsequent Brexit. However, 5-10 years max.

There's a massive difference between the Eurozone being dismantled and us opting out - unilaterally - of the EU trading block.

Many have seemingly forgotten that the prime purpose of the EU is that of a trading block.

I was no fan of the nonsense ideas about federalism and the sometimes overly prescriptive EU legislation. Same goes for the Euro, I was staunchly against it. However, us stepping out completely is imo, complete economic madness. Which has seemingly been imposed primarily by those out of work and the elderly, if today's voting stats are to be taken as fact.

 

[DMD]

Difficult to say. At some point, yes. When that point may be its too early to tell.

What we are more than likely going to see is volatility, lots of it. If you want to take a long term view, buy at what looks to be a low and hold on. But, be prepared that you may see it move a long way against you before it recovers.

It depends on how long a term view you wan to take. But in volatile markets, picking a low point is like pin the tail on the donkey...

Cheers. Do you think the banks will get more protection than some other businesses?